PCS3 invests in the senior secured floating rate notes of TwinSet

05 March 2018

Permira Debt Managers (“PDM”) announces that direct lending fund Permira Credit Solutions III (“PCS3”) has invested in the senior secured floating rate notes of TwinSet, a luxury Italian women’s clothing brand with over 30 years of history. This was a primary transaction with PCS3 acting as lead arranger. The deal was originated through a strong relationship with the sponsor, The Carlyle Group.

Headquartered in Italy, TwinSet is an established women’s clothing brand focused on the contemporary, accessible luxury segment of the women’s apparel market. The company offers highquality womenswear and accessories through five complementary collections per year.

TwinSet has a distinctive and established brand presence, operating across 82 countries in Europe and the Middle East. The company’s collections are distributed through over 5,800 wholesale distributors, in addition to 80 boutiques, 54 franchise stores and a dedicated e-commerce website.